Which documents are required to verify a Luno Business account?

A detailed overview as to the nature of the business you're applying for with specific reference to the nature of the activity conducted by the business in order to generate revenue.

Most recent bank-issued statement of account clearly showing the business’s name, address and date of issue. If the business’s address is not displayed on the provided bank statements, kindly submit an alternative proof of address issued to the business. Kindly ensure that this contains a physical address, is addressed to the business, and is not older than 3 months.

A resolution signed by the directors naming an individual person(s) and giving said person(s) authority to act on behalf of the business and operate the Luno account (the Authorised Official(s)). Kindly note that the resolution should adhere to the following requirements:

• It must be signed and dated by all directors;
• It must state that it is a members’ resolution;
• It must contain the business’s full name and registration number;
• It must contain the full name, ID number and contact particulars (phone number and email address) of the Authorised Official(s); and,
• It must clearly state the specific authority delegated to the Authorised Official(s);

The resolution must also contain the following provision:

A clear, colour copy of the official government-issued identity document for every Authorised Official and shareholder with 25% or more effective ownership or control of the business. Read more about acceptable identity documents here.

A detailed overview as to the nature of the business you're applying for with specific reference to the nature of the activity conducted by the business in order to generate revenue.

Most recent bank-issued statement of account clearly showing the business’s name, address and date of issue. If the business’s address is not displayed on the provided bank statements, kindly submit an alternative proof of address issued to the business. Kindly ensure that this contains a physical address, is addressed to the business, and is not older than 3 months.

A resolution signed by the members(s) naming an individual person(s) and giving said person(s) authority to act on behalf of the business and operate the Luno account (the Authorised Official(s)). Kindly note that the resolution should adhere to the following requirements:

• It must be signed and dated by all members;
• It must state that it is a members’ resolution;
• It must contain the business’s full name and registration number;
• It must contain the full name, ID number and contact particulars (phone number and email address) of the Authorised Official(s); and,
• It must clearly state the specific authority delegated to the Authorised Official(s);

The resolution must also contain the following provision:

A clear, colour copy of the official government-issued identity document for every Authorised Official and Member with 25% or more effective ownership or control of the business. Read more about acceptable identity documents here.

A detailed overview as to the nature of the business you're applying for with specific reference to the nature of the activity conducted by the business in order to generate revenue.

Proof of trading name (website or letterhead with logo).

Proof of income tax number (Document issued by SARS).

A clear, colour copy of the official government-issued identity document of the sole owner. 

A proof of address of the Sole Proprietor. The proof of address must be in their own name and not more than three months old.

Most recent bank-issued statement of account clearly showing the name of the business, the address, and the date of issue of the document, not older than three months.

A detailed overview as to the nature of the Trust you're applying for with specific reference to the nature of the activity conducted by the Trust in order to generate revenue.

Most recent bank-issued statements of account clearly showing the trust’s name, address and date of issue.

A copy of the trust deed or founding document reflecting the stamp from the office of the Master of the High Court where the Trust was registered.

A copy of the Letter of Authority issued by the Master of the High Court in terms of Section 7 of the Trust Property Control Act 1988, for each trustee to act in such capacity.

A resolution signed by the trustee(s) naming an individual person(s) and giving said person(s) authority to act on behalf of the business and operate the Luno account (the Authorised Official(s)). Kindly note that the resolution should adhere to the following requirements:

• It must be signed and dated by all trustees;
• It must state that it is a trustees’ resolution;
• It must contain the trust’s full name and registration number;
• It must contain the full name and ID number of the Authorised Official(s); and,
• It must clearly state the specific authority delegated to the Authorised Official(s);

   

  The resolution must also contain the following provision:

  
  “The Luno business account, including any Luno products or services related to the account, will not be operated by any person that is resident (whether permanently or temporarily) in the United States or its territories, nor shall the account be managed, directed, or controlled by any U.S Person, such as a corporation or partnership organised or incorporated under the laws of the United States nor any trust, of which any trustee is resident (whether permanently or temporarily) in the United States or its territories.”

A clear, colour copy of the official government-issued identity document of every Trustee, Founder, Name Beneficiary and Authorised Official of the Trust. Read more about acceptable identity documents here.

Where one of the persons mentioned above is a company we would require:

• A copy of the Companies and Intellectual Properties Commission (CIPC) document/proof of legal existence;

• Proof of Address in the business’s name

• Confirmation as to the person(s) authorized to act on behalf of the business, along with an acceptable Identity Document, confirmation of address and contact particulars (phone number and email address)

Confirm if the company has a website. If so, please provide us with the URL address.

Certified true/duly notarised copies of the following documentation:

• Latest Corporate Profile (extracted from Companies Commission Malaysia (SSM), and

• Section 14 - Application for Registration, if available, and

• Form 49 – Particulars of Directors, if available, and

• Form 24 – Return of Allotment of Shares, if available, and

• Notice of Registration by Companies Commission of Malaysia, and/or

• Certificate of Incorporation/Registration and the Memorandum, and

• Company Constitution

Signed ownership chart reflecting information on all individuals holding 25% or more of shares in the company. The chart must include: i) the full name(s), ii) the percentage of shareholding, iii) contact particulars (phone number and email address), and iv) residential and mailing address.

A formal board resolution signed by the director(s) naming an individual person(s) and giving said person(s) authority to act on behalf of the business and operate the Luno account (the Authorised Official(s)). Kindly note that the resolution should adhere to the following requirements:

• It must be signed and dated by all directors;
• It must state that it is a directors’ resolution;
• It must contain the business’s full name and registration number;
• It must have the full name and ID number of the Authorised Official(s); and,

• It must clearly state the specific authority delegated to the Authorised Official(s).

The resolution must also contain the following provisions:

“The Luno business account, including any Luno products or services related to the account, will not be operated by any person that is resident (whether permanently or temporarily) in the United States or its territories, nor shall the account be managed, directed or controlled by any U.S Person, such as a corporation or partnership organised or incorporated under the laws of the United States nor any trust, of which any trustee is resident (whether permanently or temporarily) in the United States or its territories.”

“We confirm that the identity of any person that has effective control or influence of the company is contained in the constituent documents, or has otherwise been disclosed to Luno during the application process.”

“The Luno business account will not be operated, managed, directed or controlled by any person or any beneficial owner of the person who is/are bearer share entity(ies) or who can issue or hold bearer shares.”

If the following is not included in the above-requested resolution, please provide a signed list naming all Authorised Officials, including their:

• Contact particulars (phone number and email address), and
• Residential and mailing address

Bank account confirmation letter issued to the business reflecting the business’s name and registration number. Alternatively, kindly confirm the registration number was used to open the Business’s bank account. 

Kindly confirm if the company has a website. If so, please provide us with the URL address.

A certified true/duly notarized copy of the following documents:

• Latest Business Registration Form D; or
• Business Registration Information Form; or
• Other business registration issued by local councils.

Recent utility bill reflecting the business’s operating address, if different to the registered address.

A formal confirmation of authority/mandate, signed by the appropriate persons, that adheres to the following requirements:

• It must be signed and dated by the sole proprieter;
• It must state that it is a formal confirmation of authority or mandate;
• It must contain the business’s full name and registration number;
• It must have the full name and ID number of the Authorised Official(s); and,

• It must clearly state the specific authority delegated to the Authorised Official(s);

The resolution must also contain the following provisions:

“The Luno business account, including any Luno products or services related to the account, will not be operated by any person that is resident (whether permanently or temporarily) in the United States or its territories, nor shall the account be managed, directed or controlled by any U.S Person, such as a corporation or partnership organised or incorporated under the laws of the United States nor any trust, of which any trustee is resident (whether permanently or temporarily) in the United States or its territories.”

“We confirm that the identity of any person that has effective control or influence of the company is contained in the constituent documents, or has otherwise been disclosed to Luno during the application process”.

“The Luno business account will not be operated, managed, directed or controlled by any person or any beneficial owner of the person who is/are bearer share entity(ies) or who can issue or hold bearer shares.”

A certified true copy of the government-issued clear, colour ID card (both sides) for all of the following persons:

• Sole-proprietor, and
• Authorised Officials.

A signed list confirming the below information for each Authorised Official and the Sole Proprietor:

• Residential and Mailing Address
• Phone Number and Email Address

Kindly confirm if the Partnership has a website. If so, please provide us with the URL address.

A certified true/duly notarized copy of the following documents

• Latest Business Registration Form D; and
• Business Registration Information Form;

If the Business’s operating address is different to the registered address, a recent utility bill reflecting the business’s address.

A formal Partnership Mandate relating to the opening and ongoing operation of the Luno account, including the list of authorised officials, that adheres to the following requirements:

• It must be signed and dated by the all Partners;
• It must state that it is a formal Partnership Mandate;
• It must contain the Partnership’s full name and registration number;
• It must have the full name and ID number of all Authorised Official(s); and,
• It must clearly state the specific authority delegated to the Authorised Official(s), in relation to the opening and ongoing operation of the Luno account;

A signed document confirming all of the below information for each of the Partners and Authorised Persons:

• Residential and Mailing Address, and
• Contact number and email address.

Certified true copy of Trust registration document.

A formal resolution, signed by the trustees, naming an individual person(s) and giving said person(s) authority to act on behalf of the trust in relation to the Luno Business account. The resolution must adhere to the following requirements:

• It must be signed and dated by all trustees;
• It must state that it is a trustees resolution or;
• It must contain the trusts full name and identifying number;
• It must reflect the full name and ID number of the Authorised Official(s); and,

• It must clearly state the specific authority delegated to the Authorised Official(s).

A certified true copy of the government-issued, colour ID card for each of the following persons:

• Authorised Officials, and
• Trust Protectors, if any.

 A signed list confirming all of the below information for each of the following persons; Founder/Settlor, Trustees, Named Beneficiaries, and Trust Protectors, if any:

• Residential and Mailing Address, and
• Contact Number and Email Address.

Kindly confirm if the company has a website. If so, please provide us with the URL address.

A certified true copy of the Notice of Registration from the Registrar of LLP.

A certified true copy of the LLP Agreement.

Latest Corporate Profile (extracted from Companies Commission Malaysia).

If the Business’s operating address is different to the registered address, a recent utility bill reflecting the business’s address.

• It must be signed and dated by all partners;
• It must state that it is a formal partners’ mandate;
• It must contain the partnerships full name and identifying number;
• It must have the full name and ID number of the Authorised Official(s); and,
• It must clearly state the specific authority delegated to the Authorised Official(s), in relation to the opening and ongoing operation of the Luno account;

   LLP Mandate Form for the opening and ongoing operation of a Luno account, including the list of authorised officials, that adheres to the following requirements:

A certified true copy of the government-issued clear, colour ID card (both sides) for all of the following persons:

• Partners, and
• Authorised Officials.

A signed list confirming the below information for each Authorised Official and the Partners:

• Residential and Mailing Address
• Phone Number and Email Address

Certificate of Incorporation and the Memorandum and Articles of Association.

Proof of Tax Identification (if not evidenced on Certificate of Incorporation issued by CAC).

A resolution signed by the Director(s) naming an individual person(s) and giving said person(s) authority to act on behalf of the business and operate the Luno account (the Authorised Official(s)). Kindly note that the resolution should adhere to the following requirements:

• It must be signed and dated by all directors;

• It must state that it is a directors’ resolution;

• It must contain the business’s full name and registration number;

• It must reflect the full name and ID number or date of Birth, and contact particulars (phone and email) of the Authorised Official(s); and,

• It must clearly state the specific authority delegated to the Authorised Official(s);

  The resolution must also contain the following provision:

  “The Luno business account, including any Luno products or services related to the account, will not be operated by any person that is resident (whether permanently or temporarily) in the United States or its territories, nor shall the account be managed, directed, or controlled by any U.S Person, such as a corporation or partnership organised or incorporated under the laws of the United States nor any trust, of which any trustee is resident (whether permanently or temporarily) in the United States or its territories.”

A signed list confirming all Shareholders with 5% or more effective shareholding in the business. For each appropriate natural person, the list must include: i) the full name(s), ii) the percentage of shareholding, and iii) contact particulars (phone number and email address). In addition, kindly note the following: If any of the abovementioned shareholders is not a natural person, the ownership of that shareholder must be disclosed to identify all natural persons with 5% or more effective ownership or control of the business;
The list must be signed and dated by a minimum of two directors (except in the case of a sole directorship, signed by the sole director);

A clear, colour copy of the official government-issued identity document of every Director, Authorised Official, Senior Manager, and Shareholder (natural person) with 5% or more effective ownership or control of the business.

A proof of address for every Director, Authorised Official, Senior Manager, and Shareholder with 5% or more effective ownership or control of the business. The proof of address must be in their own name and not more than three months old.

Kindly provide a recent bank-issued statement of account clearly showing the business’s name, address and date of issue of the document. If the business’s address is not displayed on the provided bank statement, kindly submit an alternative proof of address issued to the business. Kindly ensure that this contains a physical address, is addressed to the business, and is not older than 3 months.

Certificate of Registration issued by CAC.

Proof of Tax Identification Number (if not evidenced on Certificate of Registration issued by CAC).

Formal Confirmation of Authority, naming an individual person(s) and giving said person(s) authority to act on behalf of the partnership and operate the Luno account (the Authorised Official(s)). Kindly note that the Confirmation of Authority should adhere to the following requirements:

• It must be signed and dated by all partners;

• It must state that it is a partners’ mandate or confirmation of authority;

• It must contain the partnership’s full name;

• It must reflect the full name and ID number or date of birth, and contact particulars (phone number and email address) of the Authorised Official(s); and,

• It must clearly state the specific authority delegated to the Authorised Official(s);

  The confirmation must also contain the following provision:

  “The Luno business account, including any Luno products or services related to the account, will not be operated by any person that is resident (whether permanently or temporarily) in the United States or its territories, nor shall the account be managed, directed, or controlled by any U.S Person, such as a corporation or partnership organised or incorporated under the laws of the United States nor any trust, of which any trustee is resident (whether permanently or temporarily) in the United States or its territories.”

 A signed list confirming all Partners to the Partnership. For each person, the list must include: i) the full name(s), ii) ID number or date of birth, and iii) contact particulars (phone number and email address). Kindly note that the list must be signed and dated by a minimum of two Partners.

A clear, colour copy of the official government-issued identity document of every Partner and the Authorised Official. Read more about acceptable identity documents here.

A proof of address for every Partner and the Authorised Official(s). The proof of address must be in their own name and not more than three months old. Read more about acceptable proof of residence documents here.

Most recent bank-issued statement of account clearly showing the partnership’s name, address and date of issue of the documents.

A proof of address for the Partnership itself. Acceptable documents include: a Utility Bill or Tax Assessment (not older than 3 months)

Certificate of Registration issued by the CAC.

Documentation issued by the Federal Inland Revenue Service reflecting the entity’s Income Tax Number, if not evidenced on the Certificate of Registration.

A clear, colour copy of the official government-issued identity document of the Sole Proprietor.

A proof of address for the Sole-Proprietor. The proof of address must be in their own name and not more than three months old.

A proof of address for the Sole Proprietorship itself. Acceptable documents include: a Utility Bill or Tax Assessment (not older than 3 months)

Most recent bank-issued statement of account clearly showing the business's name, address and date of issue of the documents.

A certified true copy of the Trust Deed signed/executed before a solicitor or court confirming that the trust has been registered;

A signed list confirming all relevant, related, parties to the Trust, including: the Settlor, Trustees, Beneficiaries, and Authorised Official(s). Kindly note the following:

• The document must state that it’s a reflection of the related parties to the Trust (full name and reg number to be included);

• It must contain the i) full name, ii) identity number or date of birth, iii) contact particulars (email address or phone number), and iv) confirmation of residential address for all of the listed persons

A resolution signed by the Trustees naming an individual person(s), and giving said person(s) authority to act on behalf of the Trust and operate the Luno account (the Authorised Official(s)). Kindly note that the resolution should adhere to the following requirements:

• It must be signed and dated by all trustees (sole trustees need only provide written confirmation that they are the only person authorised to act on behalf of the Trust);

• It must state that it is a trustees’ resolution;

• It must contain the Trust’s full name and registration number;

• It must reflect the full name, ID number or date of birth of the Authorised Official(s); and,

• It must clearly state the specific authority delegated to the Authorised Official(s);

  The resolution must also contain the following provision:

  “The Luno business account, including any Luno products or services related to the account, will not be operated by any person that is resident (whether permanently or temporarily) in the United States or its territories, nor shall the account be managed, directed, or controlled by any U.S Person, such as a corporation or partnership organised or incorporated under the laws of the United States nor any trust, of which any trustee is resident (whether permanently or temporarily) in the United States or its territories.”

A clear, colour copy of the official government-issued identity document for the Settlor, Trustees, Protector, Named Beneficiaries, and Authorised Official(s). Read more about acceptable identity documents here.

Most recent proof of full legal name, registration number / Australian Company Number (ACN), legal form, registered address and constitution (e.g. certificate of incorporation (ASIC records issued within last six months), Companies Registry records, etc.)

Proof of trading name, if different from the registered name.

Most recent 3 months bank-issued statements of account clearly showing the business's name, address and date of issue of the documents.

If the business’s address is not displayed on the provided bank statements and/or if the operating address differs to the registered address, please submit an alternative proof of address issued to the business. Kindly ensure that this contains a physical address, is addressed to the business, and is not older than 3 months.

Bank-issued statement of account clearly showing the business's name, address, and date of issue of the document, not older than three months.

Confirmation of Australian Business Number (ABN) and/or any professional registration/licensing numbers.

A clear, colour copy of the official government-issued identity document of every director, authorised official, and shareholder with significant control, i.e. natural person with 25%* or more effective ownership or control of the business.

Confirmation of residential address for every director, senior manager, authorised official, and shareholder with 25%* or more effective ownership or control of the business. A list detailing the residential address (i.e. not postal address) of every director, authorised official, and shareholder with significant control.

Confirmation of contact particulars (contact number and/or email address) for every director, senior manager, authorised official, and shareholder with 25%* or more effective ownership or control of the business.

A list of all shareholders and their respective shareholding, indicated by percentage (%), in the business. Kindly note the following:

• If any of the abovementioned shareholders is not a natural person, the ownership of that shareholder must be disclosed to identify all natural persons with significant control, i.e. natural persons with 25%* or more effective ownership or control of the business; and,

• The list must be signed by a minimum of two directors (except in the case of a sole directorship) or confirmed in the form of a validly issued share certificate(s).

A signed list confirming the Senior Management of the business, eg. Chief Executive Officer, etc. Please confirm the full name, identification number and designation for each member of Senior Management.

If the business by its nature poses a higher money laundering or terrorist financing risk, please submit the company AML Policies and Procedures document signed by the company’s Compliance Officer/Money Laundering Reporting Officer (MLRO).

If the business, by its nature, requires a license to operate, please submit the necessary license(s). 

A resolution signed by the directors naming an individual person(s) and giving said person(s) authority to act on behalf of the business and operate the Luno account (the Authorised Official(s)).**

Kindly note that the resolution should adhere to the following requirements:

• It must be signed and dated by all directors;
• It must state that it is a directors’ resolution;
• It must contain the business’s full name and registration number;
• It must have the full name and ID number of the Authorised Official(s); and,

• It must clearly state the specific authority delegated to the Authorised Official(s).

The resolution must also contain the following provision:

“The Luno business account, including any Luno products or services related to the account, will not be operated by any person that is resident (whether permanently or temporarily) in the United States or its territories, nor shall the account be managed, directed, or controlled by any U.S Person, such as a corporation or partnership organised or incorporated under the laws of the United States nor any trust, of which any trustee is resident (whether permanently or temporarily) in the United States or its territories.”

*Depending on the findings of our initial review, we may request documentation for all persons holding 10% or more, instead of 25%.

**Sole directors need only provide written confirmation that they are the only person authorised to act on behalf of the company.

Deed of the establishment of the company and its amendments.

Ratification decision from the Indonesian Ministry of Law and Human Rights (MOLHR).

Formal document reflecting the Business Identification Number (NIM), if not displayed on the documents requested above.

Electronic System Operators (PSE) License and/or other relevant license, if any.

Structure of ownership of the entity.

Structure of management.

Taxpayer Identification Number (NPWP) Document.

Latest 6 months of bank-issued statements of account clearly showing the business's name, address, and date of issue of the document.

A clear, colour copy of the official government-issued identity document of authorised officials and shareholders with significant control, i.e. natural persons with 25% or more effective ownership or control of the business.

A clear, colour copy of the Tax Identification Document of shareholders with significant control, i.e. natural persons with 25% or more effective ownership or control of the business.

Kindly provide the following information with regards to the shareholder(s) with significant control:

• Full Name
• ID Number
• Residential Address
• Place and Date of Birth
• Occupation
• Gender
• Marital Status
• Citizenship
• Phone Number

• Current Title

Kindly provide the following information with regards to the authorised person(s):

• Full Name
• Residential Address
• Place and Date of Birth
• Occupation
• Gender
• Marital Status
• Citizenship
• Phone Number

• Current Title

A resolution signed by the directors naming an individual person(s) and giving said person(s) authority to act on behalf of the business and operate the Luno account (the Authorised Official(s)). Kindly note that the resolution should adhere to the following requirements:

• It must be signed and dated by all directors;
• It must state that it is a directors’ resolution;
• It must contain the business’s full name and registration number;
• It must have the full name and ID number of the Authorised Official(s); and,

• It must clearly state the specific authority delegated to the Authorised Official(s).

The resolution must also contain the following provision:

“The Luno business account, including any Luno products or services related to the account, will not be operated by any person that is resident (whether permanently or temporarily) in the United States or its territories, nor shall the account be managed, directed, or controlled by any U.S Person, such as a corporation or partnership organised or incorporated under the laws of the United States nor any trust, of which any trustee is resident (whether permanently or temporarily) in the United States or its territories."

Certificate of Incorporation/Registration.

Proof of trading name, if different from the registered name.

Most recent 3 months bank-issued statements of account clearly showing the business's name, address, and date of issue of the documents.

If the business’s address is not displayed on the provided bank statements, please submit an alternative proof of address issued to the business. Kindly ensure that this contains a physical address, is addressed to the business and is not older than 3 months. Read more about acceptable proof of address documents here.

Source of Funds - If the business’s source of funds does not reflect on the provided bank statements, please provide appropriate supporting documentation reflecting the funds to be used within the Luno Business account.

Signed Shareholder agreement/pact.

Document issued by Taxation authority reflecting the Income Tax number.

A clear, colour copy of the official government-issued identity document of every Director, Authorised Official, and Shareholder with 10% or more effective ownership or control of the business.

Proof of address for every director, authorised official, and shareholder with 10% or more effective ownership or control of the business. The proof of address must be in their own name and not more than three months old.

A signed list confirming all shareholders and their respective shareholding, indicated by percentage (%), in the business. Kindly note the following:

• If any of the abovementioned shareholders is not a natural person, the ownership of that shareholder must be disclosed to identify all natural persons with significant control, i.e. natural persons with 10% or more effective ownership or control of the business.

• The list must be signed by a minimum of two directors (except in the case of a sole directorship, signed by the sole director) or confirmed in the form of a validly issued share certificate(s) along with the most recent share register.

A resolution signed by the Directors naming an individual person(s) and giving said person(s) authority to act on behalf of the business and operate the Luno account (the Authorised Official(s)). Kindly note that the resolution should adhere to the following requirements:

• It must be signed and dated by all directors;
• It must state that it is a directors’ resolution;
• It must contain the business’s full name and registration number;
• It must have the full name and ID number of the Authorised Official(s); and,

• It must clearly state the specific authority delegated to the Authorised Official(s).

The resolution must also contain the following provision:

“The Luno business account, including any Luno products or services related to the account, will not be operated by any person that is resident (whether permanently or temporarily) in the United States or its territories, nor shall the account be managed, directed, or controlled by any U.S Person, such as a corporation or partnership organised or incorporated under the laws of the United States nor any trust, of which any trustee is resident (whether permanently or temporarily) in the United States or its territories.”

A formal, executed Partnership Agreement signed by all partners.

Proof of trading name, if different to the registration name (website or letterhead with logo).

Most recent 3 months' bank-issued statements of account clearly showing the name of the partnership, address and date of issue of the documents.

If the partnership’s address is not displayed on the provided bank statements, please submit an alternative proof of address issued to the business. Kindly ensure that this contains a physical address, is addressed to the partnership, and is not older than 3 months.

Source of funds - If the partnership’s source of funds does not reflect on the provided bank statements, please provide appropriate supporting documentation reflecting the funds to be used within the Luno Business account.

A signed list confirming all Partners, Executive Controllers (if applicable), and Authorised Official(s). For each person, the list must include:

• The full name(s),
• ID number or date of birth, and

• Contact particulars (phone number or email address).

Please note: The list must be signed and dated by a minimum of two Partners.

A clear, colour copy of the official government-issued identity document of every partner, executive controller (if any) and authorised official. Read more about acceptable identity documents here.

A proof of address of every partner, executive controller (if any), and authorised official(s). The proof of address must be in their own name and not more than three months old.

A resolution signed by the partners naming an individual person(s) and giving said person(s) authority to act on behalf of the business and operate the Luno account (the Authorised Official(s)). Kindly note that the resolution should adhere to the following requirements:

• It must be signed and dated by all partners;
• It must state that it is a partners’ resolution;
• It must contain the partnership’s full name;
• It must have the full name and ID number of the Authorised Official(s); and,

• It must clearly state the specific authority delegated to the Authorised Official(s).

The resolution must also contain the following provision:

“The Luno business account, including any Luno products or services related to the account, will not be operated by any person that is resident (whether permanently or temporarily) in the United States or its territories, nor shall the account be managed, directed, or controlled by any U.S Person, such as a corporation or partnership organised or incorporated under the laws of the United States nor any trust, of which any trustee is resident (whether permanently or temporarily) in the United States or its territories.”

A certified copy of the trust deed and Letters of Authority.

A colour copy of the official government issued identity document for the Settlor/Founder, all Trustees, Protector (if applicable), Named Beneficiaries and Authorised Official(s). Read more about acceptable identity documents here.

Where one of the persons mentioned above is a company we would require:

• The registered name of the company;

• The registration number of the company.

• Note: Additional items may be required.

A resolution signed by the Trustees naming an individual person(s), and giving said person(s) authority to act on behalf of the trust and operate the Luno account (the Authorised Official(s)). Kindly note that the resolution should adhere to the following requirements:

• It must be signed and dated by all Trustees (sole trustees need only provide written confirmation that they are the only person authorised to act on behalf of the Trust);

• It must state that it is a Trustees’ resolution;

• It must contain the Trust’s full name and registration number;

• It must have the full name and ID number of the Authorised Official(s); and,

• It must clearly state the specific authority delegated to the Authorised Official(s).

  The resolution must also contain the following provision:

  “The Luno business account, including any Luno products or services related to the account, will not be operated by any person that is resident (whether permanently or temporarily) in the United States or its territories, nor shall the account be managed, directed, or controlled by any U.S Person, such as a corporation or partnership organised or incorporated under the laws of the United States nor any trust, of which any trustee is resident (whether permanently or temporarily) in the United States or its territories.”

A recent bank-issued statement of account clearly showing the Trust’s name, address, and date of issue of the document.